In the recent data-driven world the security of personal information and databases has become one of the most potential concerns for individuals and businesses. In this context, two primary data privacy regulations have got much attention from the market because of their potential to ensure data privacy. It includes CCPA (California Consumer Privacy Act) for the citizens of The United States of America and GDPR (General Data Protection Regulations) for the citizens of the European Union. Essential Infosec has followed the importance of compiling these two regulations in the data protection strategies. This blog will help you to understand the guidelines of GDPR and CCPA considering its potential and compliance.
The understanding of GDPR
On 25th May 2018, these regulations came into light which aim to enhance the effectiveness of data privacy laws all over Europe and ensure effective data security for the citizens of the European Union. This regulation applies to every business organisation that incorporates the personal information of the consumers within the country. It involves multiple aspects that influence organisations to focus on the safety of consumer databases.
According to the regulations of GDPR organisations should obtain consent from the consumers before collecting and processing their personal information.
Citizens of the European Union have the right to access, delete, restrict and correct their personal information and databases.
This regulation influences business organisations to notify the affected persons and authorities about any kind of data breach incident within 72 hours.
Also, this regulation suggests particular organisations appoint data protection officers to take care of their compliance with GDPR.
In case of any non-compliance with the regulation might lead to a €20 million fine or 4% of the revenue that has been collected from the Global market.
The understanding of CCPA
California Consumer Privacy Act has been reflected from 1st January in the year 2020 to ensure effective control over the personal information for the citizens of California. The applicability of this regulation includes businesses that require the personal information of the citizens belonging to California. It includes multiple aspects to ensure the data privacy of the consumers.
According to the regulations, business organisations need to disclose their Data collection practice and processes to develop a clear privacy policy for the consumers.
Data security is another major aspect of CCPA that influences businesses to implement proper security measures for their audiences.
CCPA holds a strong focus on consumer rights belonging to California which includes the right to know the data collection process and the right to request deletion of the information.
In case of non-compliance, the business organisations might face a $2,500 fine for an intentional violation and a $7,500 penalty for an intentional violation.
Comparison between these two regulations
The scope for GDPR includes the business organisations for the residents of the European Union and CCPA has a strong focus on the residents of California.
GDPR influences business organisations to obtain consent from consumers before processing their personal information on the other hand CCPA opens the scope for opt-out data sales for consumers.
GDPR offers a wide range of rights to the consumers associated with data subject and data profitability but CCPA only offers the right to know, opt-out and deletion to the consumers.
Navigation of its compliance
GDPR and CCPA include multiple approaches for ensuring data privacy and reasonable compliance with the regulations.
These regulations can be implemented by investing in robust data security measures so that it is possible to protect consumer information and limit authorised access.
A strong focus on educating employees about data privacy regulations can help to ensure compliance with GDPR and CCPA.
Incorporation with the data protection officer can help to oversee the data protection measures and implement the regulatory requirements.
Also, you can compile with the data protection revolutions by developing an immediate incidence response plan associated with consumer requests for data access and deletion.
Lastly, you can update your data privacy policy on transparency and adopt the mentioned data privacy regulations.
Essential Infosec has identified that compliance with CCPA and GDPR can help business organisations reduce the incidents of data breaches and secure consumer information. We suggest you appoint a data privacy officer to enable frequent assessment of your data privacy policies. Remember currently it is important to compile the data protection regulations and update policies according to the evolving nature of security breaches.